https://www.taxtmi.com/highlights?id=27886 The grant of tenancy rights by the assessee trust and the premium of ₹ 51.00 lakhs received in lieu thereof from the tenants is a capital asset in the hands of the assessee and is therefore liable for capital gains and is not advance rent exigible to tax under the head income from house property. - AT en-us Wed, 09 Mar 2016 13:53:39 +0530 Wed, 09 Mar 2016 13:53:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27886 The grant of tenancy rights by the assessee trust and the premium of ₹ 51.00 lakhs received in lieu thereof from the tenants is a capital asset in the hands of the assessee and is therefore liable for capital gains and is not advance rent exigible to tax under the head income from house property. - AT Highlights Income Tax Wed, 09 Mar 2016 13:53:39 +0530 https://www.taxtmi.com/highlights?id=27886